Live Markets
Wednesday, July 29, 2026·George Town, KY·29°·Partly Cloudy
Markets Open · NYSE·Newsletter·Masthead·
VOL. XII · NO. 117Established MMXIV · George Town, Grand CaymanAtlantic Edition · $4.50

The Cayman Journal

Finance · Business · Technology · Caribbean & Global Affairs
13F HOLDINGS REPORT

DEARBORN PARTNERS LLC

Quarter ended Q3 2025 · Filed November 10, 2025 · Accession 0001104659-25-108947

Total Value
$2.13B
Positions
273
Other Managers
0
Confidential Omitted
No
View on SEC.gov

Holdings (273)

#IssuerTicker / CUSIPSharesValue% of Filing
1Apple Inc.AAPL462,537$117.8M5.52%
2Microsoft CorpMSFT186,307$96.5M4.52%
3Automatic Data ProcessingADP193,820$56.9M2.67%
4McDonalds CorpMCD168,490$51.2M2.40%
5Casey's General Stores Inc14752810386,041$48.6M2.28%
6Home Depot IncHD109,053$44.2M2.07%
7WEC Energy Group IncWEC381,925$43.8M2.05%
8Wal-Mart StoresWMT421,815$43.5M2.04%
9Republic Services Inc760759100178,398$40.9M1.92%
10Mastercard IncMA71,392$40.6M1.90%
11Amphenol Corp Cl A032095101327,599$40.5M1.90%
12AbbVie IncABBV174,046$40.3M1.89%
13Watsco, Inc.WSO-B97,935$39.6M1.86%
14Qualcomm Inc.QCOM234,591$39.0M1.83%
15Arthur J. Gallagher & Co363576109125,990$39.0M1.83%
16Tractor Supply CompanyTSCO682,517$38.8M1.82%
17Illinois Tool Works Inc452308109148,343$38.7M1.81%
18Snap-OnSNA109,144$37.8M1.77%
19Exxon Mobil CorpXOM330,695$37.3M1.75%
20Atmos Energy CorporationATO214,056$36.6M1.71%
21IntuitINTU49,417$33.7M1.58%
22Sherwin-Williams CoSHW96,654$33.5M1.57%
23Costco Wholesale Corp22160K10535,898$33.2M1.56%
24Verizon CommunicationsVZ752,993$33.1M1.55%
25Procter & Gamble Co742718109212,983$32.7M1.53%
26Abbott LabsABLZF243,636$32.6M1.53%
27Corteva IncCTVA470,442$31.8M1.49%
28T-Mobile US Inc.TMUSZ132,319$31.7M1.49%
29Stryker CorpSYK84,085$31.1M1.46%
30Texas Instruments Incorporated882508104165,864$30.5M1.43%
31Accenture PLC Cl AACN121,270$29.9M1.40%
32McCormick & Company IncMKC-V443,288$29.7M1.39%
33S&P Global, Inc.SPGI60,627$29.5M1.38%
34Motorola Solutions, Inc.MSI64,389$29.4M1.38%
35Steris plcSTE118,221$29.3M1.37%
36Cintas CorpCTAS140,612$28.9M1.35%
37Nasdaq, Inc.NDAQ323,743$28.6M1.34%
38Fastenal CompanyFAST563,828$27.7M1.30%
39J P Morgan Chase & CoVYLD85,149$26.9M1.26%
40American Water Works Co030420103178,939$24.9M1.17%
41Thomson ReutersTMSOF158,580$24.6M1.15%
42Broadridge Financial Solutions11133T103102,770$24.5M1.15%
43Merck & Co IncMRK228,899$19.2M0.90%
44Equinix IncEQIX24,127$18.9M0.89%
45Mondelez International Inc A609207105291,004$18.2M0.85%
46Zoetis, Inc Class AZTS123,176$18.0M0.85%
47NextEra Energy IncNEE-PW231,924$17.5M0.82%
48Ares Management CorporationARES-PB108,749$17.4M0.82%
49EOG Resources IncEOG154,779$17.4M0.81%
50Jack Henry & Assoc Inc Com426281101106,516$15.9M0.74%
51General Dynamics CorpGD45,342$15.5M0.72%
52Pool CorporationPOOL48,956$15.2M0.71%
53Johnson & JohnsonJNJ81,738$15.2M0.71%
54International Business MachineINTR51,865$14.6M0.69%
55Caterpillar IncCAT29,227$13.9M0.65%
56Alphabet Inc CL AGOOG48,704$11.8M0.56%
57Becton Dickinson and CoBDX61,232$11.5M0.54%
58RPM Intl Inc74968510394,605$11.2M0.52%
59Reliance Steel & Aluminum CoRS34,552$9.7M0.45%
60Union Pacific CorpUNP37,317$8.8M0.41%
61Gilead Sciences IncorporatedGILD75,853$8.4M0.39%
62Nvidia CorpNVDA41,634$7.8M0.36%
63PepsiCo IncPEP53,343$7.5M0.35%
64ONEOK, Inc.OKE90,621$6.6M0.31%
65Air Products & Chemicals, IncAIIR24,219$6.6M0.31%
66Medtronic PLCMDT55,350$5.3M0.25%
67Chevron CorpCVX33,645$5.2M0.24%
68Linde PLCLIN10,931$5.2M0.24%
69Realty Income CorporationO83,410$5.1M0.24%
70Raytheon Technologies ComRTX30,094$5.0M0.24%
71Visa Inc Cl AV13,666$4.7M0.22%
72Amazon.comAMZN20,511$4.5M0.21%
73Novartis AG ADRNVSEF32,316$4.1M0.19%
74Kimberly-Clark CorpKMB31,450$3.9M0.18%
75Spdr Ser Tr Portfolio S&P50078464A85446,407$3.6M0.17%
76Starbucks CorporationSBUX42,805$3.6M0.17%
77Eli Lilly & CoLLY4,686$3.6M0.17%
78Broadcom IncAVGO9,993$3.3M0.15%
79Coca Cola CoKO49,583$3.3M0.15%
80CME Group IncCME11,648$3.1M0.15%
81Deere & CoDE6,825$3.1M0.15%
82BlackRock, Inc.BLK2,608$3.0M0.14%
83Hershey CompanyHSY12,826$2.4M0.11%
84Carrier Global Corp ComCARR39,241$2.3M0.11%
85Morningstar, Inc.MORN9,544$2.2M0.10%
86Vanguard Long-Term Corp Bond E92206C81326,427$2.1M0.10%
87Alphabet Inc CL C NON VotingGOOG8,388$2.0M0.10%
88Blackstone Group IncBX11,677$2.0M0.09%
89Main Street Capital Corp56035L10431,352$2.0M0.09%
90Invesco QQQ Trust Series 1IVZ3,193$1.9M0.09%
91Analog Devices IncADI7,568$1.9M0.09%
92IShares Barclays Aggregate Bon46428722618,079$1.8M0.08%
93Invesco Variable Rate Pref PorIVZ73,368$1.8M0.08%
94Princpal Spectrum Preferred Se74255Y88890,032$1.7M0.08%
95Vanguard FTSE Developed Mkts E92194385828,560$1.7M0.08%
96Communication Services Select81369Y85214,339$1.7M0.08%
97Southern CoSOMN17,767$1.7M0.08%
98VanEck Vectors Semiconductor E92189F6765,034$1.6M0.08%
99Progressive Corp Ohio Com7433151036,555$1.6M0.08%
100Ecolab IncECL5,857$1.6M0.08%
101Honeywell Intl Inc4385161067,555$1.6M0.07%
102S & P Depository Receipts SPDRSPY2,378$1.6M0.07%
103Uber Technologies IncUBER14,325$1.4M0.07%
104Northern TrustNTRSO10,298$1.4M0.06%
105Emerson Electric CoEMR10,561$1.4M0.06%
106Verisk Analytics IncVRSK5,453$1.4M0.06%
107Sixth Street Specialty LendingTSLX59,128$1.4M0.06%
108Vanguard Interm. Term Corp. Bo92206c87015,727$1.3M0.06%
109PfizerPFE49,197$1.3M0.06%
110Williams Cos Inc96945710019,313$1.2M0.06%
111SPDR Gold TrustGLD3,440$1.2M0.06%
112Netflix Inc ComNFLX1,002$1.2M0.06%
113PayChex IncPAYX9,252$1.2M0.05%
114Cisco SystemsCSCO16,622$1.1M0.05%
115U. S. BancorpUSB-PS23,307$1.1M0.05%
116Lowe's Companies, Inc.5486611074,384$1.1M0.05%
117Salesforce.com IncCRM4,622$1.1M0.05%
118IShares Core S&P Mid-Cap ETF46428750716,592$1.1M0.05%
119Eaton Corp PLCETN2,885$1.1M0.05%
120Norfolk Southern Corp6558441083,510$1.1M0.05%
121Vanguard Total Bond Market ETF92193760314,065$1.0M0.05%
122ASML Holding NVASMLF1,041$1.0M0.05%
123IShares S&P Mid Cap 400/Barra46428760610,505$1.0M0.05%
124Parker Hannifin CorpPH1,319$1.0M0.05%
125Meta Platforms Ord Shs Class AMETA1,311$962,4780.05%
126Kinsale Cap Group Inc Com49714P1082,187$930,0440.04%
127Gsk Adr Repreenting 2 Ord ShrsGLAXF21,392$923,2790.04%
128Berkshire Hathaway Cl BBRK-A1,828$919,0090.04%
129Alerian MLP ETF00162Q45218,950$889,3240.04%
130Xcel Energy IncXELLL11,014$888,2790.04%
131Tesla Motors IncTSLA1,991$885,4380.04%
132Vanguard Value ETF9229087444,729$881,8790.04%
133Lockheed Martin CorpLMT1,762$879,7190.04%
134Carpenter Technology C ComCRS3,550$871,6670.04%
135Citigroup Inc.C-PR8,516$864,3740.04%
136Moody's CorpMCO1,807$861,0030.04%
137Vanguard S&P 500 ETF9229083631,372$840,0430.04%
138Advanced Micro DevicesAMD5,037$814,9360.04%
139BoeingBA-PA3,679$794,0990.04%
140Duke Energy CorpDUKB6,395$791,3830.04%
141O'Reilly Automotive Inc67103H1077,225$778,9270.04%
142AT&T IncT-PC27,129$766,1220.04%
143IShares S&P 500 Index Fund4642879521,131$756,9780.04%
144FMC CorporationFMC22,225$747,4270.04%
145IShares Russell 2000 Indx Fd4642876553,079$744,9950.03%
146IShares NASDAQ Biotech Index F4642875565,083$733,8300.03%
147Ge Vernova Inc ComGEV1,182$726,8120.03%
148AmgenAMGN2,563$723,3110.03%
149CRA International, Inc12618T1053,434$716,0920.03%
150ServiceNow IncNOW771$709,5360.03%
151Utilities Select Sector SPDR I81369Y8868,100$706,4010.03%
152Phillips 66PSX4,752$646,4000.03%
153FirstService CorpFSV3,382$644,2370.03%
154Technology Select Sector SPDR81369Y8032,284$643,7680.03%
155Oracle CorpORCL-PD2,282$641,8060.03%
156iShares iBonds Dec 2025 Term C46434VBD124,884$626,8200.03%
157IShares DJ Select Dividend Fd4642871684,411$626,8030.03%
158Ameren CorpAEE5,954$621,4790.03%
159iShares iBonds Dec 2026 Term C46435GAA025,568$621,2960.03%
160iShares iBonds Dec 2027 Term C46435UAA925,350$617,0130.03%
161iShares iBonds Dec 2028 Term C46435U51524,132$615,8420.03%
162iShares iBonds Dec 2029 Term C46436E20526,137$613,4310.03%
163Health Care Select Sector SPDR81369Y2094,308$599,5440.03%
164The Marzetti CompanyMZTI3,386$584,9870.03%
165IShares DJ Intl Select Div46428844815,667$572,6290.03%
166IShares Core MSCI EAFE ETF46432F8426,312$551,1010.03%
167American Electric Power0255371014,890$550,1430.03%
168Cummins IncCMI1,299$548,6590.03%
169American Express CoAXP1,634$542,7490.03%
170IShares Barclays MBS Bond Fd E4642885885,661$538,6440.03%
171Schwab U.S. Small-Cap ETF80852460719,304$538,5820.03%
172Otis Worldwide Corp ComOTIS5,865$536,2370.03%
173PPG Industries Inc6935061075,061$531,9620.02%
174Alcon IncALC7,042$524,5870.02%
175Vanguard Mid-Cap Growth Index9229085381,721$505,6130.02%
176Unilever PLC ADR SponUNLYF8,488$503,1690.02%
177Philip Morris International7181721093,091$501,3600.02%
178Enbridge Inc.ENNPF9,930$501,1390.02%
179IShares High Yield Corp Bond E46428851311,176$483,9210.02%
180Clorox CoCLX3,919$483,2130.02%
181Colgate Palmolive CoCL5,745$459,2650.02%
182JPM Exchange TR Intrnl Res Eqt46641Q1346,175$454,1100.02%
183Enterprise Products Partners L29379210714,241$445,3050.02%
184Vanguard Intermediate Term Bon9219378195,691$444,4100.02%
185Consumer Discretionary Sel Sec81369Y4071,839$440,6980.02%
186Taiwan Semiconductor Mfg Co AD8740391001,540$430,1070.02%
187IShares MSCI Canada Index Fund4642865098,500$429,6750.02%
188IShares Core MSCI Emerging Mar46434G1036,423$423,4040.02%
189Capital Southwest CorporationCSWC19,135$418,3020.02%
190Elevance Health IncELV1,281$413,9980.02%
191Allstate CorpALL-PJ1,864$400,1080.02%
192Taiwan Semiconductor Mfg Co AD8740391001,418$396,0330.02%
193Chubb LtdCB1,402$395,8190.02%
194Vanguard Emerging Markets ETF9220428587,268$393,7800.02%
195General Electric Co3696043011,302$391,6680.02%
196Walt Disney Co2546871063,405$389,8730.02%
197Shell plcRYDAF5,436$388,8100.02%
198Sony Group Corporation SponsorSNEJF13,416$386,2470.02%
199IShares Tr S&P Smallcap 600 In4642878873,196$379,7810.02%
200Novartis AG ADRNVSEF2,844$364,7150.02%
201Cognizant Tech Solutions Cl ACTSH5,353$359,0260.02%
202Industrial Select Sect SPDR In81369Y7042,325$358,5850.02%
203Travelers Cos IncTRV1,263$352,6590.02%
204British American Tobacco PLC A1104481076,397$339,5530.02%
205Digital Realty Trust Inc2538681031,963$339,3630.02%
206IShares Tr MSCI Emerging Mkts4642872346,233$332,8420.02%
207Royal Caribbean Cruises Ltd.V7780T1031,005$325,1980.02%
208Intuitive Surgical IncISRG713$318,8750.01%
209Vanguard Mid-Cap ETF9229086291,081$317,5330.01%
210Unilever PLC ADR SponUNLYF5,348$317,0290.01%
211AFLAC Inc.AFL2,827$315,7270.01%
212Goldman Sachs GroupGSCE396$315,3550.01%
213UL Solutions Inc.ULS4,450$315,3270.01%
214Old Dominion Freight Line IncODFL2,150$302,6770.01%
215Relx Plc - Sponsored AdrRLXXF6,265$299,2160.01%
216Newmont Mining Corporation6516391013,500$295,0850.01%
217Altria Group IncMO4,455$294,2970.01%
218Sysco CorporationSYY3,573$294,2010.01%
219State Street CorpSTT-PG2,500$290,0250.01%
220Target CorporationTGT3,209$287,8790.01%
221robinhood mkts inc com cl a7707001021,986$284,3550.01%
222VanEck Preferred Securities ex92189F95116,000$284,3200.01%
223Roper Technologies IncROP568$283,2560.01%
224Real Estate Select Sector SPDR81369Y8606,690$281,8500.01%
225W.W. Grainger Inc.384802104295$281,1230.01%
226Vanguard Small-Cap Value ETF9229086111,339$279,4630.01%
227GCM Grosvenor IncGCMG23,150$279,4210.01%
228IShares S&P Natl Muni Bond Fun4642884142,574$274,1050.01%
229Brookfield Renewable CorpBEPC7,900$271,9180.01%
230Vanguard High Dividend Yield E9219464061,900$267,8050.01%
231Vanguard Short-Term Bond ETF9219378273,388$267,3470.01%
232Vanguard Growth ETF922908736557$267,1430.01%
233Monolithic Pwr Sys Inc Com609839105290$266,9860.01%
234TC Energy CorpTRPRF4,885$265,7930.01%
235Blue Owl Capital IncOWL15,500$262,4150.01%
236ASCENDIS PHARMA A/S SPONSOREDASND1,300$258,4530.01%
237Vanguard Total International S9219097683,500$257,1100.01%
238SPINNAKER ETF SERIES SELECT ST84858T7725,450$255,9870.01%
239Schwab U.S. Large-Cap Growth E8085243008,000$255,2800.01%
240Financial Select Sector SPDR I81369Y6054,726$254,5860.01%
241Tesla Motors IncTSLA568$252,6010.01%
242Invesco Financial Pfd PortfoliIVZ17,272$252,5170.01%
243Northrop Grumman CorpNOC413$251,8120.01%
244Vanguard Ttl Stk Mkt ETF922908769767$251,7060.01%
245Invesco Global Water PortfolioIVZ3,412$246,0700.01%
246Nike Inc, Class BNKE3,431$239,2440.01%
247Lennar Corp Cl ALEN-B1,860$234,4340.01%
248Sanofi-Aventis ADRSNYNF4,964$234,3010.01%
249Consumer Staples Select Sector81369Y3082,977$233,3070.01%
250Masco CorpMAS3,202$225,3890.01%
251IShares Barclays 20 plus Year Tres4642874322,500$223,4250.01%
252Palantir Technologies Cl APLTR1,210$220,7280.01%
253Prologis Inc.PLDGP1,890$216,4430.01%
254Chipotle Mexican GrillCMG5,300$207,7070.01%
255LyondellBasell Industries NVLYB4,189$205,4290.01%
256Bitwise Bitcoin ETFBITB3,296$205,0770.01%
257iShares Bitcoin ETFIBIT3,133$203,6450.01%
258Palantir Technologies Cl APLTR1,016$185,3390.01%
259Shell plcRYDAF2,116$151,3570.01%
260Shopify IncSHOP860$127,8050.01%
261Shopify IncSHOP738$109,6740.01%
262Bitwise Bitcoin ETFBITB1,760$109,5070.01%
263Lowe's Companies, Inc.548661107425$106,8070.01%
264Sony Group Corporation SponsorSNEJF1,356$39,0390.00%
265India Globalization Capital InIGC84,401$35,1870.00%
266British American Tobacco PLC A110448107641$34,0240.00%
267Johnson & JohnsonJNJ175$32,4490.00%
268Relx Plc - Sponsored AdrRLXXF638$30,4710.00%
269Sanofi-Aventis ADRSNYNF585$27,6120.00%
270Republic Services Inc76075910098$22,4890.00%
271U. S. BancorpUSB-PS300$14,4990.00%
272Phillips 66PSX63$8,5690.00%
273Kimberly-Clark CorpKMB40$4,9740.00%